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      FSG in talks to buy Pittsburgh Penguins

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      Lallana in Pyjamas, stuey and 5 Guests are viewing this topic.
      Borg
      • Forum David Johnson
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      • 233 posts | 67 
      FSG in talks to buy Pittsburgh Penguins
      Nov 16, 2021 08:14:39 pm
      https://www.wsj.com/articles/boston-red-sox-owner-fenway-sports-in-talks-to-buy-pittsburgh-penguins-11637092211?mod=rss_markets_main

      Sorry about the Wall Street Journal pay wall.
      Sorry about not being able to post this info in the currently "closed" FSG thread.

      If anyone with access to the article can post details...most appreciated
      « Last Edit: Nov 17, 2021 12:26:36 pm by JD »
      FATKOPITE10
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      • Liverpool fc give me tourettes
      Re: FSG in talks to buy......
      Reply #1: Nov 16, 2021 08:19:48 pm
      https://www.wsj.com/articles/boston-red-sox-owner-fenway-sports-in-talks-to-buy-pittsburgh-penguins-11637092211?mod=rss_markets_main

      Sorry about the Wall Street Journal pay wall.
      Sorry about not being able to post this info in the currently "closed" FSG thread.

      If anyone with access to the article can post details...most appreciated


      P p p p p pick up a penguin
      CT_LFC
      • Forum Legend - Fagan
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      • 4,647 posts | 969 
      Re: FSG in talks to buy......
      Reply #2: Nov 16, 2021 08:31:53 pm
      Interesting acquisition. They aren't very good and the next couple of years will be big for the team as Crosby and Malkin age out and need proper replacements. They almost went bankrupt years ago and Lemieux came in and bought them (with another partner) saving the day, with the effects of covid probably making them want to sell.
      waltonl4
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      • 29,265 posts | 4774 
      Re: FSG in talks to buy......
      Reply #3: Nov 16, 2021 09:24:18 pm

      they must be feeling peckish
      -LFC-
      • Forum Legend - Fagan
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      • 2,824 posts | 698 
      Re: FSG in talks to buy......
      Reply #4: Nov 16, 2021 10:11:46 pm
      I'm not massively arsed about baseball or naming teams after penguins but where are FSG getting the money from for this purchase?????
      Lallana in Pyjamas
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      • 3,669 posts | 1299 
      Re: FSG in talks to buy......
      Reply #5: Nov 16, 2021 10:16:21 pm
      I'm not massively arsed about baseball or naming teams after penguins but where are FSG getting the money from for this purchase?????

      Redbird buying a significant amount of FSG
      Salah10
      • Forum Ian St John
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      • 449 posts | 93 
      Re: FSG in talks to buy......
      Reply #6: Nov 16, 2021 10:37:43 pm
      I'm not massively arsed about baseball or naming teams after penguins but where are FSG getting the money from for this purchase?????

      Liverpool Football Club and not buying players 🤣
      -LFC-
      • Forum Legend - Fagan
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      • 2,824 posts | 698 
      Re: FSG in talks to buy......
      Reply #7: Nov 16, 2021 10:46:45 pm
      Redbird buying a significant amount of FSG

      Thank you, Ask Jeeves FSG version :laugh: Here's hoping they can find a few more quid for their prized asset if hundreds of millions of dollars can be found to invest in a failing baseball team with a ridiculous name.
      Lallana in Pyjamas
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      • 3,669 posts | 1299 
      Re: FSG in talks to buy......
      Reply #8: Nov 16, 2021 11:09:00 pm
      Thank you, Ask Jeeves FSG version :laugh: Here's hoping they can find a few more quid for their prized asset if hundreds of millions of dollars can be found to invest in a failing baseball team with a ridiculous name.

      It’s an Ice Hockey team and they have done well recently
      Shabs
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      Re: FSG in talks to buy......
      Reply #9: Nov 17, 2021 12:55:09 am
      CT_LFC
      • Forum Legend - Fagan
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      • 4,647 posts | 969 
      Re: FSG in talks to buy......
      Reply #10: Nov 17, 2021 01:48:28 am
      Uhh 800M for a hockey team, the highest price ever for a NHL team, and it’s not even known how large their stake will be? Doesn’t sound like all that great of a deal.
      bmck
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      • YNWA
      Re: FSG in talks to buy......
      Reply #11: Nov 17, 2021 03:31:36 am
      Just seen the "NESV/Fenway Sports Group: Owners of LFC"  topic locked ?!? 
      Don't understand why that is. OK, it goes round in circles a bit, but why lock it?
      Don't think was abusive or anything.
      Dunno, we getting a bit woke...
      CT_LFC
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      Re: FSG in talks to buy......
      Reply #12: Nov 17, 2021 04:03:49 am
      Imo locking the FSG thread is a mistake because it’s not like that’s going to make the netspenders stop their crap, so they’ll just take it to the other threads which is to the detriment of the board. The best case scenario is the FSG thread becomes their little echo chamber thus leaving the rest of the board for discussion.
      FL Red
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #13: Nov 17, 2021 04:24:45 pm
      I'd much rather have owners that were laser focused on running one sports team to the best of their ability. Adding a third really has to make you wonder where their loyalties and attention are going to lie.

      Which child do you love the most John?
      Redman7804
      • Forum Paul Ince
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      • 86 posts | 36 
      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #14: Nov 17, 2021 04:26:52 pm


      Which child do you love the most John?

      The one with Benjamin Franklin’s face on
      waltonl4
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      • 29,265 posts | 4774 
      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #15: Nov 17, 2021 04:47:57 pm
      The one with Benjamin Franklin’s face on

      that's not love mate its worship.
      chats
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #16: Nov 17, 2021 04:50:13 pm
      Imo locking the FSG thread is a mistake because it’s not like that’s going to make the netspenders stop their crap, so they’ll just take it to the other threads which is to the detriment of the board. The best case scenario is the FSG thread becomes their little echo chamber thus leaving the rest of the board for discussion.

      The irony of this :lmao:
      waltonl4
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #17: Nov 17, 2021 04:55:56 pm

      suck it up mate history will eventually prove the doubters correct and the smell of profit will just be too much to refuse. Meanwhile we will need to jump through hoops to give Jürgen some quality players in January.
      David Wright
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #18: Nov 17, 2021 11:04:43 pm
      Seemingly FSG are skating on thin ice !
      bigbob75
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #19: Nov 18, 2021 07:38:23 am
      Pucking hell!
      7-King Kenny-7
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #20: Nov 18, 2021 12:39:29 pm
      Don't really see the issue. They put virtually none of their own money in anyway, what is there that can actually change by them owning another team in another sport? Unless they are using the finances generated by Liverpool Football Club to help fund it then there is no problem.
      Think people tend to forget they are businessmen, like the majority of owners, they aren't in the sport for the love of it, it's to boost their own portfolio's and accounts.

      As long as it doesn't interfere in anyway with the football club, I couldn't really give a toss if they purchase the entire NHL.
      Lallana in Pyjamas
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #21: Nov 18, 2021 01:52:48 pm
      Don't really see the issue. They put virtually none of their own money in anyway, what is there that can actually change by them owning another team in another sport? Unless they are using the finances generated by Liverpool Football Club to help fund it then there is no problem.
      Think people tend to forget they are businessmen, like the majority of owners, they aren't in the sport for the love of it, it's to boost their own portfolio's and accounts.

      As long as it doesn't interfere in anyway with the football club, I couldn't really give a toss if they purchase the entire NHL.

      That’s about the crux of it

      Them buying this NHL club has no bearing on us at all
      CT_LFC
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #22: Nov 18, 2021 01:56:55 pm
      Don't really see the issue. They put virtually none of their own money in anyway, what is there that can actually change by them owning another team in another sport? Unless they are using the finances generated by Liverpool Football Club to help fund it then there is no problem.
      Think people tend to forget they are businessmen, like the majority of owners, they aren't in the sport for the love of it, it's to boost their own portfolio's and accounts.

      As long as it doesn't interfere in anyway with the football club, I couldn't really give a toss if they purchase the entire NHL.

      It's the typical overreaction of the fickle fan. Back when FSG bought Liverpool, i remember the outcry of Red Sox fans that their team was going to be decimated because FSG was going to focus on Liverpool. FSG is a portfolio of entities, of which there are 7 of them each of which are run independently and don't commingle. Buying the Penguins or any other sports team does not interfere with any of the other 7.
      Redman7804
      • Forum Paul Ince
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #23: Nov 18, 2021 02:04:28 pm
      It's the typical overreaction of the fickle fan. Back when FSG bought Liverpool, i remember the outcry of Red Sox fans that their team was going to be decimated because FSG was going to focus on Liverpool. FSG is a portfolio of entities, of which there are 7 of them each of which are run independently and don't commingle. Buying the Penguins or any other sports team does not interfere with any of the other 7.

      Using the term fickle fan is wrong mate, sorry it is
      You’re either using it because you don’t understand them, or you’re unwilling to understand them, or simply to get a rise out of them
      None of those things are becoming of you

      Whether you agree with them and the way they criticise the owners you can’t call people who go back 50 plus years - which even as a new person on this forum I can see they do by the references they use - fickle

      Everyone - I presume - wants the best for the club, it’s certainly not fickle to demand the owners go that extra mile, even if we all know they won’t and it doesn’t fit their model, which they have told us since day one they will do

      I said the other day, the sad thing about these type of debates is no one seems willing to compromise and see both sides of the debate and using the term fickle fan is a prime example of that

      Shame really
      stuey
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #24: Nov 18, 2021 02:45:36 pm
      suck it up mate history will eventually prove the doubters correct and the smell of profit will just be too much to refuse. Meanwhile we will need to jump through hoops to give Jürgen some quality players in January.

      Closed the FSG discussion thread next move is you will be getting warned for comment such as the above.

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